Central Garden & Pet Co. (NASDAQ:CENT)
CAPS Rating:
The Company is an innovator, marketer and producer of branded products for the pet and lawn and garden supplies markets.
The Company is an innovator, marketer and producer of branded products for the pet and lawn and garden supplies markets.
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Recs
This company does two things. First, pet products....wonderfully economically insensitive, as people love their pets regardless of GDP growth. This provides a solid base - but I admit, we approach a 52 week high. Second thing, lawn care. Lawn care is tied to the housing market, which you might have noticed has mildly underperformed over the past two years. But we're starting to climb out of that hole, shown by the S&P/Case-Shiller Index rising the past three months. As the housing market recovers, people are going to return to caring for their lawns. Or maybe I'm wrong, they'll flush their fish down the toilet and start to rent an apartment. We'll see.